Thetownend.com

Was just thinking, as im sure some people on here are creditors in the CVA would it not be simple to just issue a winding up petition and in the light that there is a viable rescue package, force the takeover by the FC??? or is that just too easy?

I think thats the idea, the main two who will go for it is SBC and Inland Revenue.  You just dont fuck off the inland revenue

...especially a month after Leeds screwed them for £7.7m !! :shock:

Exactamundo Bushey !!!!

I think that is all too easy - this lot give the impression that they have always been in control of what will happen, so I would guess that they will have covered their arses against that happening somehow.

Just because Mike Diamandis is used to his companies going bust really really really does not reassure me.

And Im sure he does have his OWN arse covered somehow.

As for a hostile takeover, very risky surely?

Maverick, if they go into liquidation they have no chance of holding onto it.  My largest cliesnt specialises in liquidated companies and explained the ins and outs.  With their record over the past 5 years I cannot see them keeping hold of the club.

Personally I think they have the 900k and will announce its been paid tomorrow. Just doesnt make sense how they seem to ignore power

Not what I meant. I meant one of the smaller creditors on this site could put in the winding up petition, knowing full well that there is a viable financial rescue package available, thereby forcing out Diamandis and his goons.

Would one of the creditors who are fans chance making the club go bust?

I do not see that they will go into liquidation - it makes no sense - it may not bother some of them, but SSW would lose a shed load. It would also mean we would lose our league status I believe, so again it would leave nothing for anyone to takeover.

I also cannot see them getting money in without it being a takeover, as nobody would invest money without also having control, based on the current financial position and track record.

Blimey you have changed.

If done very quickly (within hours) they may be able to resolve teh FL standing I believe.  Not an expert though on this area

Ah, but you haven't reckoned for St Modwen to step into the equation. They've got a lot riding on the future of the club, it wouldn't be in their interest to see us go bust.

woulnt bill power cover that debt

I'd imagine he would, but the board don't want to sell do they.

After the statement the other week id expect a winding up order to be sent by SBC tomorrow

I think that SBC will await the statement Monday/Tuesday and consider the viability of it before jumping straight in with a W.U.P.

im a cunt then as when a deadline passes the paperwork is usually ready.  I can see the council being the same.

Then again they wont be popular if they closed the club down

Its not that, but what if the club stated that they would make the payment in full on Thursday ?

The council would look very silly if they issued a W.U.P on Tuesday

Besides, if  W.U.P is issued it is against the law to advertise it prior to the 7 days before it appears in the gazette.

So we would not hear about it until that point.

During that 7 day period the club can apply to the court to stop any advertisment if they have the money to put on the table.

Hypothetical as fuck, I know

true.  Tough one

not really ash they have had enough chances .. wind the cunts up

they will have done enough to remain in control of the club me thinks.
will that be enough to please the majority?

Agreed Arriba

I think that that they have done themselves enough damage publically to find their position untenable.

There has been so much derogatory hype, especially now the Adver has planted their feet one side of the fence.

My own personal feelings is that they have acheived some short term funding in the form of a bridging loan at extortionate interest rates to buy them 6 months in order to find some serious investment

one swallow does not make a summer

i've been waiting 12 years for my mrs to swallow!
still aint happend :wink:

12 years!?!?

Took my missus about 12 minutes  :mrgreen:

30 seconds


 :wink:

I don't think the majority would give a shit. Not enough to affect election results anyway.